Select Page

Listed equity fundamentals

Listed equity fundamentals such as price to earnings (P/E) ratios are an indication of how highly listed markets are valued at a point in time. Looking at the S&P 500 and the combination of African Indices gives some insight as to how African companies are priced in relation to developed market valuations. Interestingly, the analysis shows no clear trend, as some sectors are more expensively priced in Africa, some are cheaper and some are in line.

 

The yield available from a dividend perspective is also quite interesting by certain countries. Looking at the S&P 500 and the combination of African Indices as stated above, the dividend yields are mostly in line except on Financials, Industrials and especially Utilities where the African indices have a higher yield.

 

 

NEXT: Africa’s Private equity markets